IRCC Romania mortgage guide

IRCC (Indexul de Referință pentru Creditele Consumatorilor) is the benchmark many variable-rate RON consumer loans — including mortgages — use after any fixed period. It replaced ROBOR for new variable-rate loans from May 2019 so the reference would track actual interbank transactions, not quotes alone.

How BNR builds the quarterly IRCC

BNR publishes a daily IRCC (volume-weighted average of that day’s interbank deals). The quarterly IRCC used in contracts is the arithmetic mean of those daily values for a past calendar quarter. That quarterly figure is then applied with a lag: the index calculated from Q2 daily values typically applies in Q4 (from 1 October), if your contract’s review cycle aligns. Always confirm the figure and dates on BNR or your bank statements.

Your rate: IRCC + fixed margin

For most IRCC-linked mortgages:

Interest rate = IRCC + bank fixed margin

The margin is set in the contract and usually does not move with the index. When the quarterly IRCC changes, the payment can change even if you never miss a due date.

IRCC vs ROBOR (short version)

• ROBOR — offer quotes banks reported to BNR.
• IRCC — weighted average of actual interbank transaction rates.

Model a payment before you stress

Use the Mortgage Payment Calculator with your balance, term, a realistic IRCC, and your margin — then stress a higher IRCC before you plan extra payments or a refinance.

Educational only — not lending or investment advice.